Contract Management

 A prerequisite to any construction undertaking is a fully executed contract agreement. The contract and its subsequent modifications is the main instrument that legally binds one party to the other. It is the basis for which stakeholders establish the planning and execution of the project including the allocation of risks inherent in any construction undertaking.

Lump Sum/Fixed Price
GMAX – Guaranteed Maximum Price
Cost Plus Fee
T&M – Time & Material
NTE- Not To Exceed
Contract with base & option year
ID/IQ  – Indefinite Delivery/Quantity
Subcontracts
Design build contracts
Professional Services contracts
JOC – Job Order Contracting
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